I Prt For the above calculation you have 450000 to invest or borrow with a rate of 95 percent for a six-year period of time. Simple Interest for n months P n R 12 100. The formula to calculate the simple interest on a yearly basis has been given above.
You simply multiply the principal the interest rate written as a DECIMAL and the time.
7th grade math introduction to simple and compound interest. A simple lesson about simple interest. 94 Calculations using simple and compound interest EMA6Q Hire purchase EMA6R. To learn more about Percentages enrol in our full course now.